Tri Continental Corporation (NYSE:TY) Plans Quarterly Dividend of $0.26

Tri Continental Corporation (NYSE:TY) announced a quarterly dividend on Friday, September 8th, RTT News reports. Stockholders of record on Monday, September 18th will be paid a dividend of 0.2614 per share by the investment management company on Tuesday, September 26th. This represents a $1.05 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, September 14th. This is a positive change from Tri Continental Corporation’s previous quarterly dividend of $0.25.

Tri Continental Corporation has raised its dividend payment by an average of 10.4% per year over the last three years.

Shares of Tri Continental Corporation (TY) opened at 25.26 on Friday. Tri Continental Corporation has a one year low of $20.60 and a one year high of $25.33. The stock has a 50 day moving average price of $24.97 and a 200 day moving average price of $24.13.

TRADEMARK VIOLATION NOTICE: This report was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/09/23/tri-continental-corporation-ty-to-issue-quarterly-dividend-of-0-26.html.

Tri Continental Corporation Company Profile

Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.

Dividend History for Tri Continental Corporation (NYSE:TY)

Tri Continental Corporation has raised its dividend payment by an average of 10.4% per year over the last three years.

Shares of Tri Continental Corporation (TY) opened at 25.26 on Friday. Tri Continental Corporation has a one year low of $20.60 and a one year high of $25.33. The stock has a 50 day moving average price of $24.97 and a 200 day moving average price of $24.13.

TRADEMARK VIOLATION NOTICE: This report was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/09/23/tri-continental-corporation-ty-to-issue-quarterly-dividend-of-0-26.html.

Tri Continental Corporation Company Profile

Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund’s objective is to produce future growth of both capital and income while providing reasonable current incomes. The Fund’s permissible investments include preferred and common stocks, convertible securities, including convertible preferred stocks and convertible bonds, debt securities, repurchase agreements, derivatives, including options, futures contracts and equity-linked notes, illiquid securities and securities of foreign issuers, including emerging markets issuers.

Dividend History for Tri Continental Corporation (NYSE:TY)

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